Energy

Oil prices slid as much as $3 to a near two-week low during Asian trade on Tuesday on the back of a weaker demand outlook and after a media report said ...

Cyprus’ first natural gas extraction will most likely be from the Kronos reservoir in block 6, which may be in 2027, Energy Minister George Papanastasiou said in an interview to Kathimerini published ...

Further deliberation is needed over the energy minister’s proposal to create a state-owned electricity grid company, EAC board director Giorgos Petrou said on Friday, after a preliminary meeting. The ...

Energy Minister George Papanastasiou has proposed the creation of a state body that can participate in the energy connection between Cyprus and Greece so as to avoid mistakes of the ...

A proposal to nationalise the electricity authority’s (EAC) grid and its operation is being considered, it was reported on Wednesday. The idea, presented to Energy Minister George Papanastasiou and ...

A prolonged high price of oil due to the Middle East crisis may lead to consumers paying more for electricity in Cyprus, while some investments may also be at risk, ...

Cabinet on Monday approved a €1 million grant scheme for installing solar hot water systems. Energy Minister George Papanastasiou said there are two categories for applicants. The first is a broad ...

Constellation Energy (CEG.O) and Microsoft (MSFT.O) plan to restart the Three Mile Island nuclear plant, hoping they have scored a quick source of enough climate-friendly energy to power ...

Cyprus, as the 2024 president of the Med9 group of Mediterranean EU countries, is focusing on transforming the Mediterranean into a green energy corridor, according to Energy Minister George Papanastasiou. Addressing ...

The Shorewinner project, which aims to set up and develop a Southern European offshore wind energy community of practice, was successfully launched in Cyprus this week. The hybrid event took ...

The European Commission sent a letter of formal notice to Cyprus on Wednesday, calling on it to speed up its issuing of permission for renewable energy projects. The letter said ...

Oil prices fell on Wednesday as investors reassessed the ability of China’s stimulus plans to boost the economy enough to drive more fuel demand growth in the world’s ...

Saudi Aramco (2223.SE) is planning to raise up to $3 billion in five and 10-year US dollar-denominated sukuk, or Islamic bonds, according to two sources with direct knowledge of the matter ...

People living near the Dhekelia power plant expressed their frustration on Monday at the pollution spewed out by the outdated facility, but energy officials said there is no way to ...

Key talks were underway on Monday between the respective energy regulators of Cyprus and Greece and the project promoter for the electricity connector linking the two countries, while a senior ...

EU member states share common goals of achieving climate neutrality and ensuring a sustainable, secure and affordable energy future, Energy Minister George Papanastasiou said on Monday at the opening of ...

Cyprus needs a long-term energy strategy with well-defined objectives, according to the chairman of the Cyprus Energy Regulatory Authority (Cera) Andreas Poullikas. “The provision of affordable energy services is key ...

Oil prices rose on Monday, buoyed by concerns that heightened conflict in the Middle East may curtail regional supply and expectations last week’s outsized US interest rate cut will ...

Oil refiners in Asia, Europe and the United States are facing a drop in profitability to multi-year lows, marking a downturn for an industry that had enjoyed surging returns post-pandemic ...

Cyprus’ electricity regulatory authority (Cera) on Friday approved cabinet’s decision over the future of the Great Sea Interconnector project, adopting the requests of Greece’s Independent Power Transmission Operator (...

The European Investment Bank (EIB) is still open to investing in the electricity interconnector project between Cyprus and Greece, its Vice President Kyriacos Kakouris said on Friday. He stressed the ...

Italian energy engineering group Saipem (SPMI.MI) said on Wednesday it had won an offshore contract worth around $2 billion for the development of the Marjan oil field in Saudi Arabia. ...

Oil fell on Wednesday after two sessions of gains after an industry report showed increasing US crude and fuel inventories, offsetting rising tension in the Middle East and the potentially ...

Good news on the Great Sea Interconnector (GSI) front, but priority must now shift to implementing measures that will bring electricity prices down between now and 2030, when the GSI is ...